Chartered Accountant going Global

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Career Opportunities for a CA Shinoj Isac and Bharath Rao

Transcript of Chartered Accountant going Global

Page 1: Chartered Accountant going Global

Career Opportunities for a CAShinoj Isac and Bharath Rao

Page 2: Chartered Accountant going Global

GLOBAL TIE UPS WITH ACCOUNTING FIRMS, AND OTHERS AND OPENING UP OFFICES ABROAD Setting up of our own offices abroad

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Available Opportunities

Local Practice

Overseas

Indian Practice

Overseas

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“Pursuing Global Career is a necessity and not an option”

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Local Practice Overseas Objective:

Set up Practice regarding compliance of the respective foreign country laws Business Model:

Acquisition of Firms/Sole Proprietorship Formation of LLP

Obtain Accounting and Auditing Professional qualification of the Foreign Country An Indian CA may utilize the Memorandum of Understandings signed

between ICAI and the Foreign Public Accounting Body Pay attention to –

Local Tax Laws Local Allied Laws Social, Political and Economic Influence

He may/may not be able to also establish practice in India (depending on MOU)

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Indian Practice Overseas Objective:

Promote Make in India Bring Foreign Business to India

Business Model: Set up Management Consulting firms Financial and Business Advisory and Assurance Restructuring/Mergers and Acquisitions

Pay attention to: Tax Withholding in India and in the Foreign Country Transfer Pricing and Privacy Laws Indian and Foreign Environmental Laws, Allied Laws, Corporate

and Taxation Laws and other laws

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Common Services that can be provided in both business areas

Big Data Analytics Accounting Forensics and

Investigation Design and

Implementation of any financial information system

Actuarial services Investment advisory

services Investment banking services Rendering of outsourced

financial services

Attest Services – SA 402, SAE 3402, SAE 3400

Certification services – Tax and Corporate Matters

Management Consulting Accounting and book

keeping services Internal Audit, Statutory

Audit, Energy Audit, Efficiency Audit

Due Diligence

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Why go LOCAL when you can go GLOBAL!!!

- Alturo Braga, Fast and Furious 6

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Thank You

Shinoj IsacBharath Rao